By Max A. Cherney SAN FRANCISCO (Reuters) -A bipartisan pair of U.S. senators sent a letter to Nvidia CEO Jensen Huang on Friday about an upcoming trip to China, warning the CEO to refrain from meeting with companies that are suspected of undermining U.S. chip export controls. The letter from Republican Senator Jim Banks and Democratic …
US senators warn Nvidia CEO about upcoming China trip Read More »
By Marco Aquino LIMA (Reuters) -MMG and Hudbay Minerals executives met with Peru’s cabinet chief this week to warn that production at their copper mines could be affected if a two-week protest by informal miners along a major transit route continues, two sources told Reuters on Friday. The Las Bambas mine of Chinese firm MMG …
Exclusive-MMG, Hudbay warn Peru copper output at risk amid wildcat protests, sources say Read More »
BEIJING (Reuters) -China has for the first time set renewable energy mandates for the steel, cement, and polysilicon industries, as well as for some data centres, according to a National Development and Reform Commission notice on Friday. Beijing’s renewable portfolio standards, or RPS, set out targets for the percentage of power consumption that the various …
China sets its first renewable standards for steel, cement and polysilicon Read More »
By Georgina McCartney and Shariq Khan HOUSTON (Reuters) -Taiwan’s state-owned energy company CPC Corp is in early stage discussions to buy shale-gas producing assets in the United States, three sources familiar with the matter said, in a bid to secure natural gas supplies to fuel Taiwan’s economy. If a deal is struck, CPC would join …
Taiwan’s CPC Corp eyes US shale gas assets, sources say Read More »
BEIJING (Reuters) -Chinese artificial intelligence startup Moonshot AI released a new open-source AI model on Friday, joining a wave of similar releases from local rivals, as it seeks to reclaim its position in the competitive domestic market. The model, called Kimi K2, features enhanced coding capabilities and excels at general agent tasks and tool integration, …
China’s Moonshot AI releases open-source model to reclaim market position Read More »
(Reuters) – Singapore’s second-largest bank OCBC said on Friday that Tan Teck Long, its head of global wholesale banking, will succeed Helen Wong as CEO when the bank’s first female head retires at the end of this year. Tan, who has over 30 years of experience in banking and joined OCBC in March 2022, will …
Singapore lender OCBC picks insider Tan Teck Long as next CEO Read More »
MOSCOW (Reuters) -The heads of Russia’s Gazprom and China’s energy company CNPC discussed future Russian gas supplies to China during talks in Beijing, Gazprom said on Friday, as Moscow seeks stronger ties with the world’s biggest energy consumer. Russia, the holder of world’s largest gas reserves, has diverted oil supplies from Europe to India and …
Gazprom, CNPC discuss future Russian gas supplies to China Read More »
BERLIN (Reuters) -Volkswagen and Chinese partner SAIC will close their joint plant in the Chinese city of Nanjing, German daily Handelsblatt reported on Friday, as the German carmaker loses market share in the world’s largest car market. Production has already been halted, and the closure will take place gradually in the second half of the …
Volkswagen to close jointly-owned China plant, reports Handelsblatt Read More »
By Leika Kihara TOKYO (Reuters) -The Bank of Japan will gradually sell exchange-traded funds (ETF) in the market, rather than opt for other ideas like transferring them to government entities, when it decides to unload its holdings in the future, Goldman Sachs said on Friday. The central bank purchased ETFs for 13 years from 2010 …
BOJ likely to opt for gradual selling of ETFs in markets, Goldman says Read More »
BEIJING (Reuters) -As China’s sluggish economy pushes local authorities to cut salaries and bonuses, one southern province has told officials they can pursue side jobs, saying it is OK to be a part-time driver, novelist or fitness coach. As long as there is no conflict of interest, one’s supervisor is aware, and there are no …
Chinese province says OK for officials to hustle on the side in tepid economy Read More »
